Defendant Sarkisian Brothers, Inc., contracted in 1973 to build a three-story parking garage for the City of Oneonta. In furtherance of that agreement, defendant contracted with plaintiff Triangle Steel, Inc., for the purchase of structural steel. Because of inflationary factors that caused steel prices to continually rise, plaintiff and defendant sought to protect themselves against price increases prior to delivery by agreeing to split the costs of such increases if the...
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